Current Account in Luxembourg

Luxembourg Current Account (EUR bn) | Economic News & Forecasts

Luxembourg - Current Account (billions of Euros)

Economic activity likely sustained its momentum in the second quarter, following a broad-based deceleration in the first quarter amid a wider European pullback. Household spending got off to a strong start in Q2, with retail sales growth in April nearly doubling Q1’s average. Moreover, consumer sentiment turned positive in the quarter while employment picked up. On the external front, exports grew faster in April–May than in Q1, on average, despite the Eurozone slowdown. That said, business confidence sank deeper into negative territory in Q2 on souring expectations within the industrial sector, which likely weighed on capital spending. Turning to the third quarter, business sentiment remained deeply entrenched in negative territory in July, while consumer sentiment turned slightly more pessimistic in the same month, signaling tougher times ahead.

Luxembourg - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)2.5  2.6  2.6  2.7  2.8  

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Luxembourg Current Account (EUR bn) Chart

Luxembourg Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Luxembourg and FocusEconomics calculations.

Luxembourg Facts

Exchange Rate1.100.65 %Sep 04
Stock Market5950.19 %Sep 04

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